Call reports 2019
VERSABANK USA, NATIONAL ASSOCIATION — 2019
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 92,285,000 | 97,021,000 | 103,188,000 | 102,974,000 |
| Total loans | 75,070,000 | 79,419,000 | 84,930,000 | 84,549,000 |
| Allowance for loan losses | 1,236,000 | 1,325,000 | 1,391,000 | 1,420,000 |
| Securities available for sale | 3,230,000 | 2,721,000 | 2,717,000 | 2,719,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,399,000 | 80,805,000 | 86,582,000 | 85,517,000 |
| Interest-bearing deposits | 69,410,000 | 73,902,000 | 80,914,000 | 79,749,000 |
| Noninterest-bearing deposits | 6,989,000 | 6,903,000 | 5,668,000 | 5,768,000 |
| Equity capital | 15,624,000 | 15,892,000 | 16,299,000 | 16,682,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,004,000 | 2,115,000 | 3,306,000 | 4,529,000 |
| Interest expense | 283,000 | 615,000 | 986,000 | 1,369,000 |
| Net interest income | 721,000 | 1,500,000 | 2,320,000 | 3,160,000 |
| Noninterest income | 5,000 | 11,000 | 21,000 | 28,000 |
| Noninterest expense | 234,000 | 469,000 | 631,000 | 826,000 |
| Provision for loan losses | 325,000 | 525,000 | 650,000 | 785,000 |
| Pretax income | 167,000 | 517,000 | 1,060,000 | 1,577,000 |
| Income tax | 43,000 | 130,000 | 264,000 | 394,000 |
| Net income | 124,000 | 387,000 | 796,000 | 1,183,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,622,000 | 15,885,000 | 16,294,000 | 16,681,000 |
| Total capital | 16,610,000 | 16,927,000 | 17,405,000 | 17,790,000 |
| Risk-weighted assets | 78,808,000 | 83,151,000 | 88,627,000 | 88,433,000 |